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LMAX Group’s matching engine in Singapore expands APAC infrastructure

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LMAX Group’s matching engine in Singapore expands APAC infrastructure



Quentin Miller, LMAX Group’s Managing Director for Asia Pacific, stated:

We are now closer to our clients in Singapore thanks to our Singapore matching engine. Since launch, we have seen a 3x increase in FX trading volumes month-on-month. We are excited about all the possibilities that lie ahead. We plan to expand our APAC presence and offer a wide range of products and services that meet the needs of local institutions.

LMAX Group increased its presence in Asia Pacific in 2014 with the launch of its Tokyo matching engine, called TY3, and opening its regional hub in Singapore in May 2015. According to the Group, it hopes to improve market access and regional institutional liquidity by creating an Asia Pacific corridor linking its twin hubs (SG3 and SG1).

David Mercer (CEO of LMAX Group) commented:

With increasing participation from local and international financial institutions, we have seen significant increases in trading volumes on our TY3-based exchange. To benefit our global client base, we plan to develop a multi-asset liquidity offering that combines our capabilities, distribution, infrastructure and infrastructure in both Japan and Singapore.

LMAX Group recently reported…



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